Dundas, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $800,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $650,000 |
| 3 bedrooms | $800,000 |
| 4 bedrooms | $950,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
Demographics
| Current Population (2024) | 16,000 |
| Previous Population (2019) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,400 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dundas, Ontario, is currently experiencing a period of steady growth. With a median house price of $800,000, the market has seen a healthy 4% year-over-year increase. Meanwhile, the median apartment price stands at $450,000, with a slightly lower growth rate of 2.5% year-over-year. This modest but consistent growth pattern suggests a stable market that is less prone to the volatile spikes seen in other regions.
The population of Dundas is currently around 16,000 residents, with a robust population growth rate of 3.2%. This demonstrates an increasing demand for housing as more individuals and families are drawn to the area’s amenities and lifestyle offerings. The concurrent growth in population and property values signifies that Dundas is attracting investment and maintaining its appeal in the real estate sector.
Investment Opportunities and Potential
The steady appreciation of property values in Dundas indicates sound investment opportunities for both residential purchasers and real estate investors. The consistent increase in house prices reflects a market with strong fundamentals, while the more moderate rise in apartment prices suggests affordability that could appeal to first-time homebuyers or those looking for rental investments.
Given the ongoing population growth, there’s potential for increased rental demand, making it an opportune time for investors to consider acquiring rental properties. Additionally, Dundas’s appeal as a community with small-town charm close to urban centers like Hamilton may continue to attract residents seeking a balance between city access and quieter living spaces.
Future Market Outlook
The future real estate market outlook for Dundas looks promising. The sustained population increase coupled with controlled housing price inflation points towards a continuing trend of steady market expansion. If these conditions persist, we can expect further gradual appreciation in property values over the coming years.
However, potential investors and homeowners should remain vigilant about broader economic conditions that could impact interest rates and borrowing costs. Local development plans and infrastructure improvements could also play significant roles in shaping Dundas’s real estate landscape.
In conclusion, Dundas presents itself as an appealing market for both living and investing purposes. Its current trajectory suggests it will remain resilient and provides ample opportunity for those looking to enter the real estate market or expand their portfolio in a stable community with growth potential.
